Texico renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Texico is about $647 per month. This puts it in the 20th percentile compared to the state average cost of rent, which is $1,235. Households in Texico have a median income of $5,020 per month so the average renter in Texico is spending roughly 13% of their earnings on housing.
Nationally, and in Texico, home values are the data point most closely correlated with the cost of rent. The median price of a home in Texico is $109,308 right now, which is lower than nearby cities, meaning that rents in Texico also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Texico while lower rent rates are often available in western areas.
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